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CNBC
Oct 2, 2012 9:00pm EDT
in rising oil prices, the answer was little to none. >> we believe that high energy prices are fundamentally a result of supply and demand. >> as it turns out, not even j.p. morgan's chief global investment officer agreed with him. the same day that eagles testified, this email went out to clients saying, "an enormous amount of speculation" ran up the price, and "$140 in july was ridiculous." if anyone had any doubts, they were dispelled a few days after that hearing when the price of oil jumped $25 in a single day. september 22nd. >> september 22nd. >> michael greenberger, a former director of trading for the commodity futures trading commission, the federal agency that oversees oil futures, says there were no supply disruptions that could have justified such a big increase. >> did china and india suddenly have gigantic needs for new oil products in a single day? no--everybody agrees supply-demand could not drive the price up $25, which was a record increase in the price of oil. the price of oil went from somewhere in the $60s to $147 in less than a year. and we were being told on that run-
CNBC
Oct 3, 2012 4:00pm EDT
is we've got a wonderful energy practice. we're going a lot of things. our mantra is we want to find our clients yield, growth, and inflation hedging. we're doing that across our real assets. energy, infrastructure, real estate, and that's something we're very well prepared to do and we've been able to partner with our clients and put a fair amount of capital in that space. i think that will continue to be a big area for the firm. >> what about technology? you know, larry ellison yesterday talking about growth from the cloud. that's obviously one of the themes within tech. what where are you seeing nunt tech? >> technology in the u.s. is 15% of our market cap. it's 3% in europe. it's a core competency in the u.s. what i think is happening right now is remember in 1998 the world turned down, but it was asia that was in trouble. the central banks put liquidity in and technology did well, particularly growth stocks. my view right now is instead of asia being in trouble, it's europe, but people are going to migrate towards some of the good growth stocks. you've seen that in names, you know,
CNBC
Sep 26, 2012 4:00pm EDT
demand for energy out there. not only here, but in the world. so i'm just hoping that the stocks can hold on to their gains by keying off better housing numbers, which won't help oil but could certainly add to equities. i think the equities are going to have a hard time ignoring what the oil seems to be signaling. >> all right. we'll leave it there. thanks for your insight. leave it here. we have more on the oil slide on this busy wednesday edition of the "closing bell." >>> oil continues its slide but boone pickens says that's all the more reason to focus on natural gas. we'll find out why he thinks that's the way of the future and the auto industry. >>> then, he wants to know why no one on wall street is in handcuffs yet over the financial crisis. find out exactly which ceos he blames and what he says the department of justice needs to do right now to punish them. >>> plus, home builders are soaring but short sellers are hot on their trail. we're bringing in experts to look at the state of the recovery and which side of the housing trade you should be on. it's all coming up on the "clos
CNBC
Oct 3, 2012 8:00pm EDT
a spending cut plan. he has an energy plan. he's got to make it clear. he's got to explain to people the connection between his plans and the economic recovery that we have not yet had. that's a tall order for romney. and he's going to have to fight hard for it while the, of course is attacking him. >> you said earlier i was watching kudlow and company, you said the first impression is important. he's got to swing right away. you think he'll do that? >> that's my hunch. i've seen this before. aggressive. he's got to put this sort of line in the sand. here's what i believe. and here's what he believes. and there's a big choice in this election. he is the guy who wants redistribution. i'm the guy who wants growth. he's the guy who wants government centered economy. i'm the guy for free enterprise. he's got to say that. but it's doubly hard because he's got to put meat on the bones of his tax and spend policy. to this day, people are not quite sure what mitt romney's policies are. the president doesn't have policies. romney does, but we don't understand them. >> a debate is never a good
CNBC
Sep 26, 2012 11:00pm EDT
of green energy to germany and orders kept coming through even as total allocation for solar power got cut back. then they got a slew of orders and the stock doubles. i was stock about the stock being a value trap. most important, i had a huge home run telling you to get out at 138. why did i press it? greedy on the short side as a stupid buyer is on the long side. with first solar i arrogantly failed to practice my mantra, that bulls make money, bears make money, and hogs get slaughtered. i was no longer just being a bear on first solar, i was being a hog. i blew it. when it was at 13 i should have bren changing my mind instead of digging in my heels. the stock is down more than 100 points from where i first told you to sell it, it's never too late to declare a victory, as well as atone myself when there were 13 points to the downside. the business is not so horrible. no reason to buy it but no reason to hate it either. is first solar a terrific situation? no. was it a value trap at 13? no. no more than darden was a value trap in september of last year when i said the parent company of re
CNBC
Sep 30, 2012 7:30pm EDT
. because the energy of the son evaporates only the clean, pure water. puts it in the clouds, condenses, comes down as rain. distilled water. we built a small box that is so efficient at reclaiming all the energy after it centurily boils and distills the water inside the box, it recycles all the energy so the only energy consumed by our box is to run its computers, its sensors, its little compressor. the box will sit there consuming less power than a handheld hair dryer and produce 1,000 liters of pure water a day, enough for 100 people per machine. >> so you created this sling shot nearly ten years ago and basically separating, or making dirty water clean? >> it makes dirty water absolutely pure. and we've worked on it for more than a decade. but like all the things we do we need partners to bring it to the world. most partners i make i bring to the medical products and farm suit c farm suit can companies in the world. but they don't go to where coca cola goes. once wu showed muhtar kent what we had and say, you have the only plausible distribution channel that's so global, it can actu
CNBC
Sep 26, 2012 3:00pm EDT
couple of days. is that a buying opportunity on energy? do you look at energy stocks? how do you want to play it? >> there's lots of ways to play the game. you can buy big oil. you can buy the pipelines, buy the drillers, buy etfs. buy something. the bottom line is america's going to have to take the lead in turning this ball game around. then you'll see what happens in the rest of the world. >> david, this weakness does have your attention. it's affected the way you trade this market, yes? >> i think more and more, bill, europe is slowing more than expected. china's not going to grow 7%. it's more likely to grow 5%. the u.s. is growing at 2% and probably 1.5% in the first half of next year. yet, the s&p 500 is like this heavyweight champion. it keeps absorbing body blows after body blows. up better than 16% total return this year. as much as i dislike china and europe slowing, i think you want to be a net buying with the simple caution we're due for a 5% correction probably between now and early 2013. if you get that, you have to be a net buyer because companies are still on average
CNBC
Sep 26, 2012 6:00pm EDT
of green energy to germany no matter what in a tight pinch of budget. and orders kept coming through even as the total allocation got cut back. next thing you know the company is winning a slew of domestic orders, and the stock, it doubles. yep, i was wrong about the stock being a value trap, but i underestimated the positive impact on the tariffs on first solar's business, but most important, i had a huge home run telling you to get out at $138. why didn't i declare victory when it fell to 1/10 of that level? why be as greedy on the short side as a stupid buyer is on the long side. i arrogantly failed to practice my mantra. my mantra is that bulls make money, bears make money, and hogs, they get slaughtered. i was no longer just being a bear on first solar, i was being a hog. and i blew it. first solar was it $13, i should have changed my mind. given that the stock is down more than 100 points where i told you to sell it, it is never too late to declare that kind of victory. that's what i'm doing tonight, as well as my need, my prideful need to reiterate my sell on first solar when they
CNBC
Sep 28, 2012 4:00pm EDT
% or many this quarter with energy leading the way followed by tech, consumer discretionary and financials. some of the risk on you could see in those groups. with the energy sector the best performing stocks we saw, cameron international. one of the standout weak links in the sector, alpha natural resources, down about 25%. meantime, tech, the second best performer up about 7%. some really big movers here we saw. first, computer sciences. google, western digital. these were seeing 30% to nearly 50% moves. on the downside, we saw amd having a 41% drop for the quarter. to give you a little bit of perspective on that competitor, intel down only about 14%. finally, the utilities was the worst performing sector this quarter. the only one up today. aes first energy was a lagger. it wasn't all bad news. nrg energy and american electric power were higher, as you can see there. a lit of a mix. when all is said and done, not a bad quarter, given both the domestic and international environments, the uncertainty we've seen, the election is coming. we did well for the third quarter. >> all right. sure
CNBC
Oct 1, 2012 4:00pm EDT
bought some stocks in are the energy area and the industrials area recently. >> were you going to just jump in? sorry about that. >> yeah, i was going to ask -- peter was talking about looking for a pullback. i think a lot of people are looking for the pullback. that's the tough part. if everyone is looking for the pullback, it may not come or when we want it. it could be put off for quite a ways. >> that's a good point. what about that? you don't want to fight the fed, right? >> yeah, i guess not, but i think the market is kind of at least at a stalemate with the fed here. if you look back to when qe 3 was announced, we're just about even, maybe a little bit higher. i think that, to me, is a big warning sign that, you know, how long is it going to be? what point does the market become qe resistant? we're testing that thesis right now. i'm looking at some of the other factors. i'm looking at insider selling right now which is about 11 times higher than insider buying during september. so somebody out there is getting scared. i think that's a lot of the reasons we talk about often. fina
CNBC
Sep 27, 2012 4:00pm EDT
is the energy sector. with all the fracking going on, anything related to fracking. we have rail cars that carry sand. you can't get them. they're very, very valuable right now. any type of car that really isn't associated with the energy sector. that's one of the hottest sectors right now. >> an look where oil is. that makes sense with the momentum there. >> retailers, it's more mixed. some of the retailers are doing okay. some of them are not. it's much more of a mixed picture. >> the international story, is that part of their business? or is this largely a domestic set of companies we're looking at? >> no, these companies are primarily domestic. most of their business is in the u.s. more than half of their employees are here in the u.s. this is primarily a u.s. base. >> given your background, you were there at those meetings at the federal reserve during the financial crisis. how does it feel to you today versus where we were in 2008? >> well, it's much, much better. 2008 was an incredibly difficult time, certainly the worst period of time in my career. even though europe still has a lot of p
CNBC
Oct 3, 2012 7:00pm EDT
rick was talking about. he has to say i don't care about tax reform, i don't care about energy policy, i care about the well being of mom. pull it together. >> one of the great mysteries of this campaign, here is a guy with a splend it baid backgrounn bill clinton said that. why is he unable to connect on the key issue of the day, jobs and the economy with i'm going to say the average person out there? what is missing? >> he is superbly skilled at the details but that's not what americans care about. so keith wants to talk about details because that's a terrible strategy. he doesn't care about the details of tax reform. americans want to know how am i going to get a job? why is it i've been in a job for three years and i haven't gotten a raise. he needs to get away from the details and -- >> hang with me. just what can we expect to hear from mitt romney in tonight's debate? who better to ask than senior campaign manager kevin madden. thank you very much for helping us. you know, my friend keith boykin asked a very good question that's going to come up tonight or is likely to come toni
CNBC
Sep 25, 2012 11:00pm EDT
dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪ >>> finally mitt romney's got something good to feel good about. i'm talking about unemployment. specifically, what we heard from paychex, the second largest pay rolling company in america. especially hiring small businesses, which irks main clients. last night we got results from paykhex and many considered it disappointing. now, i think paychex is a well-run business. while the company is facing a tough environment, the quarter wasn't terrible by any stretch of the imagination. it beat it by a penny on a 40 cents basis and 2% year over year. last time i thought that was the hugely important key metric. however, the growth year seems to be decelebrating. especially since that's why i'm thrilled to have marty, the chairman and ceo here to talk about the quarter. mr. mucy, welcome back to "mad money." >> good to be here, jim. >> i've got to oh tell you, i've been through these var
CNBC
Sep 28, 2012 3:00pm EDT
at energy prices and how they fared. that's a different story. >> yeah, you know, if you look at oil prices here, crude prices are still down today, but what a quarter it has been. all the worries about the tensions between iran and israel with those iran sanctions going into effect at the beginning of this quarter also helping to boost. the big story this quarter, and certainly today, has been gasoline. despite the fact that normally we see prices starting to come down during this quarter, they have actually ratcheted up the best quarter we've seen in years. today we had a huge explosive short move at the end of the day, maria, that really, really punctuated the problems we're seeing with all these refinery problems and shortages on the east coast with gasoline. >> all right, bertha. thank you so much. forget the tablet wars, how about the wine wars? "the wall street journal" today reporting that amazon is planning to enter the wine business. oddly, this pits amazon against retail giant costco, which currently sells wine and alcohol at many locations. so with amazon entering this space, sh
CNBC
Sep 28, 2012 11:00pm EDT
communication systems, energy annal just, warfare systems, night vision goggles. it also has an information technical side where they do everything from aircraft traffic management for the faa and networks. that's probably less sensitive to the budget cuts we're all so worried about. last quarter was quite strong. if we don't fall off the fiscal cliff this could be the right stock to own. even if we do smash into the fiscal retaining wall, trading at six times next year's earnings. i just don't think there's much risk here. don't take it from me. let's talk to david melcher the pose and ceo of xls who is a retired general of the army. mr. melcher, welcome to "mad money." >> thank you so much. >> have a seat. >> appreciate it. >> first, david, we like companies that get more focus, that were conglomerates and they boil down to different divisions. what does it mean and how much better can you can standing alone than you could be as part of a larger conglomerate? >> we are more focuseded in our investments. we're able to control our destiny with respect to the portfolio and merger and acquisi
CNBC
Oct 1, 2012 3:00pm EDT
90 points, two-thirds of 1%. when you look at today's sector leaders, it's energy, financials, health care. all posting sharp gains at this hour. of course, the energy and materials sector were really the pressured sectors going quarter. bill? >> combination of risk on/risk off seconders that are doing well today. no clear direction from that standpoint. we're wondering whether today's market action is a sign of what's to come for the quarter. you saw the statistic earlier that said on average when you have a positive first day of the fourth quarter the dow is up 4% for the quarter. so what's to come this quarter? deborah of "the street" says she feels the market is destined to go higher and points out $22 billion came flooding out of equity mutual funds in the month of august, alone. show she feels that money is going to come flowing back for the investors who feel they missed out on the action, marie w ya. >> is deborah right? could we have this market meltup continue? cnbc contributor abigail doolittle suggests taking money off the table in the face of these gains. deborah, let me
CNBC
Oct 1, 2012 6:00pm EDT
.cnbc.com. one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. we know you. we know you have to rise early... and work late, with not enough sleep in between. how you sometimes need to get over to that exit, like, right now. and how things aren't... just about you anymore. introducing the all-new, smart-sensing... honda accord. it starts with you. >>> here's one area where playing football and "mad money" have a lot in common. we call it the check down. that's when the quarterback considers whom he should pass the ball to. checking down one receiver after another, find out who's open. who can score. and then hits him while he's uncovered. the best quarterbacks have a list in their heads about who to go to first, second
CNBC
Sep 27, 2012 11:00pm EDT
than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪ >>> we are always looking for new opportunities here on "mad money." that's why i wanted to introduce you to one of the most intriguing, speculative stories around. it's called orasure technologies. it's a tiny health care outfit that's described by market capital. company makes products for collecting saliva samples and tes tests for diseases like hepatitis c, and hiv as opposed to more invasive blood or urine based tests that people are less likely to take. last year orasure came out with the first hepatitis c test on the market. then we got the real game changer. the beginning of july, the fda approved the over the counter hiv test. it's an hiv test that you can actually buy over the counter. the only one of its kind and this one could go a long way towards helping to diagnose the hundreds of thousands of americans who don't know they have the disease. that's why t
CNBC
Oct 2, 2012 5:00pm EDT
dollar is most comparable to wal-mart in terms of competitiveness. >>> coming up next from an energy name left in the cold to a home builder piling on the gains. if you agree with bill gross that uncle sam has a habit what is the trade? [ male announcer ] for the saver, and a big first step. for the spender who needs a little help saving. for adding "& sons." for the dreamer, planning an early escape. for the mother of the bride. for whoever you are, for whatever you're trying to achieve, pnc has technology, guidance, and over 150 years of experience to help you get there. ♪ >>> breaking down u.s. debt. said the u.s. is an addict who pleasures itself with budgetary crystal meth. if we don't address the issue bonds will be burned to a crisp and stocks singed. should investors seek safety in gold? let's ask dennis. >> good to be here in sunny virginia beach this afternoon. >> rainy times square here. in terms of gold you have been a fan of gold for a while. do you think bill gross has the gone off the deep end or a little extreme in his metaphor? >> i think that was the most painful serie
CNBC
Sep 27, 2012 7:00pm EDT
's the growth cyclicals. tech, energy, material, financials, consumer discretion. >> transports are getting killed. utilities are getting killed. >> the group that would be predicting a per future economy was predicting it today, up about 1% to does that surprise you? >> i don't buy it at all. >> so you think we're in a recession. >> we're heading to it. at this moment, we're sticking with cyclicals. >> gold and gold miners. >> you heard it, folks. very lively. great stuff. coming up, nasa's curiosity rover captures images of a stream bed on mars. the full story on that plus late breaking news headlines up next. now, that's what i call a test drive. silverado! the most dependable, longest lasting, full-size pickups on the road. so, what do you think? [ engine revs ] i'll take it. [ male announcer ] it's chevy truck month. now during chevy truck month, get 0% apr financing for 60 months or trade up to get the 2012 chevy silverado all-star edition with a total value of $8,000. hurry in before they're all gone! there's natural gas under my town. it's a game changer. ♪ it means cleaner, cheap
CNBC
Sep 28, 2012 7:00pm EDT
/10 of 1%. that is flat . >> we had a run up in energy prices. >> heck ya. blame the fed. why are they cheapening the value of the dollar. >> larry that's another conversation. >> income is falling, joe. where are consumers going to spend? if information tors are going where they are going to hire. >> it looks like vehicle sales may have hit the high for the year in september. >> that's inflation, joe. >> here's the point i want to make on the stall speed if you take the first half of the year we averaged 1.7% growth. that's not much but it is potential because we under invested in the cycle, potential growth is very low. >> this is the most pathetic economic recovery. >> he is more bearish than i am. >> you are so far below potential growth right now. this is the worst recovery. i don't know fit is recovery and every time i get optimistic i get a spade of numbers that tell me not to be so optimistic. i want to be optimistic but i will tell you, 1.3, what is that? not recovery. thank you. you are both terrific. >>> four years in to president obama's term we should be in recove
CNBC
Oct 2, 2012 1:00pm EDT
, government decides, you know, the future is green energy and throw a lot of money at any small company that gets in the green energy field that creates a lot of problems. load up on debt. they don't -- they lack market discipline. they expand capacity beyond demand and what you end up with is sol lynn draft. >> so, what could government do effectively to help not the small young companies, necessarily but the smaller, fast-growing companies? what in your article you call the gazelles? >> the gazelles. one thing could you do is think about what growth companies do, they are always expanding, outgrow their office, their factory, what happens when they do that they run into a lot of luke roarcracy, building permits, environmental impact statements. what government can do is clear out the bureaucracy, take a concierge approach. >> let us help you that helps you be local then rather than state or federal right? >> that's right. most of the on obstacles are local. >> feed the gazelles but not with cheap capital government subsidies that causes those growth companies to take their eye off the
CNBC
Oct 3, 2012 6:00am EDT
which direction to take the nation. "squawk" will be right back. one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. >>> welcome back, everybody. the economy obviously front and center this week with the jobs report coming out on friday. our guest host this morning runs a company that has several economic indicators all rolled into one. joining us for the remainder of the show with his take on the markets and what's happening in corporate america is jim tisch, and jim, it's great to have you here onset. we were just talking about how you have a lot of different things that really give you a good idea of what's happening in the economy. diamond offshore, what's happening from an energy perspective, you have the luxur
CNBC
Sep 26, 2012 6:00am EDT
, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪ hey, it's sandra -- from accounting. peter. i can see that you're busy... but you were gonna help us crunch the numbers for accounts receivable today. i mean i know that this is important. well, both are important. let's be clear. they are but this is important too. [ man ] the receivables. [ male announcer ] michelin knows it's better for xerox to help manage their finance processing. so they can focus on keeping the world moving. with xerox, you're ready for real ss. trading tools for all. like our all-in-one trade ticket. we put strategies, chains and positions all on one screen. start trading today with optionsxpress by charles schwab. >>> good morning, and welcome back to sidewalk squawk here on cnbc. it is -- is it okay? >> no, please don't. >> it's almost 6:30 on the east coast. i'm joe kernen along with becky quick. our top story are the global markets. u.s. equity futures after a selloff yesterday are getting back about 17 poin
CNBC
Sep 26, 2012 7:00pm EDT
, but i've got to tell you, we got a growth plan including the tax cuts at the energy plan, the trade, we're talking $12 million over ten years. it's a powerful plan. and the governor's message and including the tax reform piece of it that's going to lower the transaction costs of the code and contribute to growth. and the message is received. he will continue doing all that. but he's going to talk about -- >> i'm not a happy camper. i'm not a happy camper. >> it's half your value, larry. >> it's not about you, but you know my views. anyway, thank you. i'm sorry i interrupted. i know you worked hard to get on the set and help us tonight. i totally apologize for my interruption. >> not at all. >> jim talent, and now a senior economic adviser with the romney campaign. i thank you. i thank you. >> thank you, larry. >> let's get reaction from our panel who i hope heard that little discussion. ed rendell is back, former dnc chairman, former pennsylvania governor. american enterprise institute fellow, former george w. bush speech writer. ed rendell, if i may, you must have loved hearing that. m
CNBC
Sep 27, 2012 3:00pm EDT
off. we've had a good rally led by energy for most of this day. >> is the latest gdp report a major red flag that investors should not ignore? we'll be talking with the st. louis federal reserve. that's an exclusive interview later this hour. also, don't miss my exclusive with john thain in the next hour. let's look at where we stand as we enter the final stretch. as i mentioned, the market had been up about 100 points earlier. we're very shy of the highs of the day. financials doing well. bank of america one of those dow components. jpmorgan as well. check the s&p 500. here's a look. again, that is the highest of the day. just shy of it, actually. up 14.5 points. better than 1%. we mentioned that gdp data. let's not forget we also had a dismal report on durable goods orders, once again showing weakness in this economy. investors not worried about these numbers today. >> we got decent news out of europe and china this morning. either way, we're asking if investors should think twice before buying into this kind of a rally based on what the u.s. economy is telling us right now. let's
CNBC
Oct 1, 2012 5:00pm EDT
for southwestern energy up. >> if you look at this year and look at the headlines on oil, look at the headlines on natural gas, you would think oil was up 30% this year, oil's down 6%, natural gas up 16% and j.j.'s neck of the woods is going to get cold over the next week. stay with natural gas overweight bio. >> swn. >>> pop for macy's up 2%. >> yeah, it's time to think about the holidays, practice ps that chilly weather will get you in that mood. macy's said they're going to hire 80,000 people for the holidays up 2.5% over last year, and a good day for good news. >> drop here for wendy's down 6%. scott? >> downgraded the company today to a hold. really interesting, they're worried about same-store sales, but in the long-term, this analyst still likes the name. so this is a short-term downgrade. >> and we got a pop here for russian friends. good news for you and your pen pal, facebook could be one step closer to opening a russian office. mark zuckerberg met with dmitry medvedev earlier today. he urged the founder to open a new office in his country. in a rare move, zuckerberg even left behind
CNBC
Oct 3, 2012 1:00pm EDT
stronger against euro. when that happens usually materials and energies are weaker. that's what's happening today. there's been some collateral damage with other stocks that are suppliers to hp. advanced micromoved down on that news. that's a new three-year low for advanced micro. >> i'm looking for the silver lining. >> we've been moving up for several days in a row right now and are approaching the highs we had a week and a half ago. >> we'll be following jon fortt and bob pisani. ty, back to you. >>> let's drill down on some of the economic issues that are going to come up in tonight's presidential debate. a positive read on jobs ahead of friday's employment report. on the other hand, a bit of a red flag being raised in housing. steve leisman and diana olick are all over the data points. steve, the latest jobs data, is it changing in any way the expectations for this friday's employment report? >> not a lot. economists would like to go from the adp data to higher estimates but it's not been that great over the past couple months. there's a lot of of caution out there among wall street ec
CNBC
Sep 28, 2012 5:00pm EDT
a future's trader. >> i traded energy futures. i think it is really important to focus on the future's market because there is a wide world of tradeable instruments. >> time for the final call. >> this week's web extra is how to buy protection on the s&p. >> you're long facebook. >> a nice way to make a bullish play in halliburton is to buy the calls. >> looks like our time has expired. for more "options action" go to our website. we will see you back here next friday. right after this break money in motion is up. [ male announcer ] the markets keep moving. make sure the news keeps coming with thinkorswim by td ameritrade. use the news links breaking stories with possible breakout stocks, options with potential opportunity, futures and forex with in-depth analysis. it's an all-you-can-eat buffet for all things trading. thinkorswim by td ameritrade. it doesn't just deliver news. it's making news. trade commission free for 60 days, plus get up to $600 when you open an account. like a high-speed train. and you don't want to miss it with thinkorswim by td ameritrade. you get knock-your-s
CNBC
Sep 29, 2012 6:00am EDT
's trader. >> i traded energy futures. i think it is really important to focus on the future's market because there is a wide world of tradeable instruments. >> time for the final call. >> this week's web extra is how to buy protection on the s&p. >> you're long facebook. >> a nice way to make a bullish play in halliburton is to buy the calls. >> looks like our time has expired. for more "options action" go to our website. we will see you back here next friday. right after this break money in motion is up. like a high-speed train. and you don't want to miss it with thinkorswim by td ameritrade. you get knock-your-socks-off tools, simple one-click orders, real-time paper trading to hone your skills, plus anytime you need it support. ♪ stocks, options, futures, and forex. get your trading on track. thinkorswim by td ameritrade. trade commission free for 60 days, plus get up to $600 when you open an account. >> announcer: the following is a paid presentation for the new professional ninja kitchen system limited edition, brought to you by euro-pro. this special ninja is not available in
CNBC
Oct 1, 2012 4:00am EDT
in energy, food. >> absolutely right. and what's critical is that everybody now believes there will be some extra inflationary pressure in the system and that's extremely good news. luckily i think the risks are off the table and one can be supportive of equities in terms of higher valuations until inflation gets in excess of 4 percentage points, at which point people begin to worry about what will happen to the quality of earnings. >> the key thing here is the corporate take of gdp has never been at such a high level versus -- and wage earners take gdp as a pretty low level on a historical basis. i suppose the question is that going to remain or is there anything that will tip the employee share back? at which point things will change. >> you're right, it's pivotal to the levels and whether they can be maintained. there are two factors that allow me to feel more confident. first is the government policies are pro recovery coming from corporate as opposed to try and get workers to have higher incomes workers themselves don't have price impact power in the marketplace. global trend is still
CNBC
Oct 1, 2012 7:00pm EDT
. we've shared what we've learned with governments and across the industry so we can all produce energy more safely. i want you to know, there's another commitment bp takes just as seriously: our commitment to america. bp supports nearly two-hundred-fifty thousand jobs in communities across the country. we hired three thousand people just last year. bp invests more in america than in any other country. in fact, over the last five years, no other energy company has invested more in the us than bp. we're working to fuel america for generations to come. today, our commitment to the gulf, and to america, has never beenonger. [ male announcer ] the exceedingly nimble, ridiculously agile, tight turning, fun to drive 2013 smart. ♪ . >> three months after supreme court justice moved to the right and passed obama care. pete williams has some details. >> reporter: larry, this is shaping up to be a court term dominated by civil rights beginning with a case that will be argued next week on affirmative action, colleges nationwide use it believing that a more racially diverse campus provides a bett
CNBC
Oct 1, 2012 11:00pm EDT
% for the year. i remain concerned that the energy drinks are going to be called into question by the health authority. share loss, difficult to reverse. so my dow jones player is well covered. my s&p receiver can't get any separation. what's left? at this point in my favorite thing to check down is to see what index or group is so far behind the market that there's something that could play catch-up. with the market as hot as this one and i know people don't think it's hot but it really is, what i like to do is find a real laggard. almost every group is up. almost every one. lo and behold, not only is there an index that isn't keeping pace, there's one that's actually down. that's the transports. they were off at one point very badly today. that's a terrific opportunity in and of itself. i know if there's nothing in the other indices, my intended receiver is going to be in the transport group. but which one? they're all down a lot. all looking terrible. i shouldn't say all. some aren't. first the airlines. i try to keep an open mind with this group. think of how terribly set-up the airlines
CNBC
Oct 2, 2012 7:00pm EDT
? but proven technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. boring. boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire [ male announcer ] use any citi card to get the benefits of private pass. more concerts, more events, more experiences. [ jack ] hey, who's boring now? [ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] you.piano ]nnouncer ] get more access with the citi card. we know you. we know you're not always on top of it. and how could you be? that often you ju
CNBC
Oct 1, 2012 9:00am EDT
. >> thank you so much, rick. let's check out the latest moves in energy and metals. sharon at the nymex. >> the momentum here definitely in the metals market. i'm standing in the gold pit. gold prices went above $1,794 an ounce. a lot of investors may have looked at the s&p 500's returns, that's decent. but gold up over 10% in the last quarter. silver up over 25% in the last quarter. they want some more of that in the fourth quarter. and we're looking at that here in the metals market. also looking at momentum taking over, the weak sentimental data out of china in terms of the oil price. the oil prices here are a little bit of a bid for oil. the fact that they lowered a mix a little while ago before the open on the weak data out of china on their manufacturing numbers. in terms of the biggest mover here in the commodities space, definitely it is natural gas. natural gas at a ten-month high. natural gas here above 3.40. some are saying that $3 gas is sustainable here even if we don't see the same focus on coal to gas switching. still going to see higher natural gas prices. back to you. >
CNBC
Oct 3, 2012 9:00am EDT
of texas in the energy business, that investors are very focused on, it's a three-member utility commission that is going to make that decision. they are appointed by the governor. big debate between the president and his republican challenger, mitt romney. it wasn't that long ago that rick perry was one of the challengers for the republican nomination for president. i asked him what he thinks romney is going to do tonight and how he is going to do in tonight's debate. >> this president has to defend the debt that's being created and i think governor romney's going to do a very good job of one of growth, of one of allowing the states to be more engaged in policies. >> reporter: so, of course, he thinks romney is going to do good tonight. is he partisan, no doubt about that. we'll see how it plays out. >> david, i understand that you're still going to talk to kyle bass in a few minutes. what is top of questions in your mind? >> kyle is a big macro thinker. he also runs a hedge fund that makes stock picks like everybody else. we're also going to talk about, first off, the growing debt world w
CNBC
Oct 2, 2012 4:00am EDT
be coming to the fore. . there's an underlying macro cramer, but a lot of changes going on. energies and energy efficiency. many aspects to it. >> other stories today, a bid to prevent another financial crisis, the review led by bank of fin len governor is expected to call for a separation of retail and investment operations. the report will also call for bonuses to be paid in debt. we'll hear from the central bank later today. meanwhile steve hester has called for banks to readjust back to a more customer focused approach. speaking at the london school of economic, he said lenders need to restore good customer service to regain trust of the public and rbs is the poster child for what went wrong in banking. and eric snyderman is suing jpmorgan. the suit partly the result of a federal mortgage task force formed in january. investors lost around $22 billion and more than 100 securities. jpmorgan says the suit involves actions taken at the behest of the u.s. government. jpmorgan stock closing up 1.2%. and "new york times" says u.s. senate will try to use the lame duck session to reach a
CNBC
Oct 3, 2012 4:00am EDT
of nuclear power. joining us now is scott parker, director of uk nuclear energy sector. this franco chinese con sorpgs, talking about buying the verizon nuclear venture. where do you think this leaves the transaction? >> there are only two nuclear vendors that are approved for use in the uk and that's westing house and ariva. obviously one of those is no longer available. >> they are trying to maximize the proceeds, but if you knock out one of the key buyers, is it fair to say we're not going to get the top dollar for this asset if it is eventually sold? >> i'm not sure that's true. there are two other companies that are interested. the disadvantage is they haven't got their reaction or the technologies approved, so if they do buy the nuclear company, there will be a delay of another two or three years before they could start construction on site. >> let's just delve into some of the regulatory hurdles because the chinese obviously have the cash to buy these types of assets. what hurdles do they face investing in the key strategic assets in the uk? >> if the westinghouse china state nuclear
CNBC
Sep 26, 2012 12:00am EDT
energy agency had begun to notice that iran was having serious problems with its centrifuges at natanz. >> what we know is that an iaea report said that 1,000 to 2,000 centrifuges were removed from natanz for unknown reasons. and we know that stuxnet targets 1,000 centrifuges. so from that, people are drawn to the conclusion, "well, stuxnet got in and succeeded." that's the only evidence that we have. >> the only information that's not classified. >> yes. >> and there are lots of things about stuxnet that are still top secret. who was behind it? >> what we do know is that this was a very large operation. you're really looking at a government agency from some country who is politically motivated and who has the insider information from a uranium enrichment facility that would facilitate building a threat like this. >> an intelligence agency, probably. >> probably. >> we know from reverse engineering the attack codes that the attackers have full-- and i mean this literally-- full tactical knowledge of every damn detail of this plant. so you could say, in a way, they know the plant better
CNBC
Sep 27, 2012 9:00am EDT
in a little bit. >>> the latest moves out of energy. what a day it was yesterday. sharon epperson is at the nymex for us. good morning. >> reporter: good morning, carl. looks like it's going to be another busy day in the commodities market. we have speculation we may see more stimulus out of china helping support many commodities. oil and gold higher. gold near that 1770 level. keep in mind, the south african mining issues that were plaguing the industry are also plaguing gold, that also helping support gold prices. in terms of the oil price, we're also watching what is happening here in new york with the u.n. with israeli prime minister speaking about iran, today set to really lay out whether or not there should be a firm deadline here in terms of iran's nuclear ambitions. and we're also watching, of course, what's happening technically, brent crude above the 200-day moving average earlier in the session and wti bouncing back after falling below $90 a barrel in previous session. but the standout commodity most certainly is gasoline. gasoline futures continue to soar again today.
CNBC
Sep 28, 2012 1:00pm EDT
the sectors all on the weak side. so materials and energy stocks usually have a tough day when the dollar is stronger. that's what's happening today, sue. >> good to see you, bob. see you later. ty, back to you. >> thank you very much. >>> wall street focused on madrid and the middle west. odd bed fellows you might say. but maybe not so much the midwest because of bad chicago pmi numbers. madrid because the spanish bank stress test wasn't so stressful, wasn't so awful after all. welcome to both of you. i want to know why the focus would be more on spain today than perhaps even on the midwest pm ikz or the chicago pmi. but you have some news you want to break. >> real quick the financial oversight council putting out a statement at 1:00 basically saying they will take up this very thorny controversial issue of money market regulation in november. what they did today is they directed their staff to present recommendation, at the november meeting for how to remove the systemic risk that they believe is created by money markets. the s.e.c. dropped the effort because they couldn't get the comm
CNBC
Oct 2, 2012 9:00am EDT
. the higher open across the board looks like much more "squawk on the street" straight ahead. all energy development comes with some risk, but proven technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. i have a cold... i took dayquil, but i still have a runny nose. [ male announcer ] truth is, dayquil doesn't work on runny noses. what? [ male announcer ] it doesn't have an antihistamine. really? [ male announcer ] really. alka-seltzer plus cold and cough fights your worst cold symptoms, plus has a fast acting antihistamine to relieve your runny nose. [ sighs ] thank you! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] alka-seltzer plus. ♪ oh
CNBC
Sep 27, 2012 6:00am EDT
.29. but the pressure on energy has come as a big surprise and it has been fairly relentless. also the ten year note if you take a look this morning, you'll see the yield at 1.64%. the dollar is a mixed picture. it is stronger against the euro, though. down against the yen. euro trading at 1.2056. and gold prices very quickly you'll see they're bupup about $4.10. >> even google, a birthday cake comes up. >> what? >> did you see this? >> you, there it is. >> this comes up as a birthday cake because it's google's 14th birthday. but they can always go to google on their birthday and think that it's all about them. >> that's great. >> can you see the future, though, as we were all sitting in cars all going the same mf-no we're all going the same speed, you look -- everybody's in the same formation. and at lunch they sefsht michelle obama lunch, you get like one asparagus and one sprout, no big gulps. 15.9 ounces of a coke. that is our future. i just saw it. and i don't like it. >> phil is defending it, he said you can take control at anytime, but you don't have to just sit in the car, you can -- >> did
CNBC
Sep 30, 2012 6:00am EDT
will be too. you were once a future's trader. >> that's correct. i was a member of -- i traded energy futures. scott as well. i think it is really important to focus on the future's market because there is a wide world of tradeable instruments. people hear about them all the time. don't know how to trade them. now you learn how. >> time for the final call. last word from the option os pits. >> this week's web extra is how to buy protection on the s&p. >> nay tan? >> >> you're long facebook. asking how to get the money back. consider one by two call spreads against your long. >>> mike khouw? >> a nice way to make a bullish play in halliburton is to buy the calls. >> looks like our time has expired. i'm melissa lee. for more "options action" go to our website. "options action".cnbc.com. we will see you back here next friday. right after this break money in motion is up. like a high-speed train. and you don't want to miss it with thinkorswim by td ameritrade. you get knock-your-socks-off tools, simple one-click orders, real-time paper trading to hone your skills, plus anytime you need it support
CNBC
Sep 28, 2012 9:00am EDT
see material stocks up in this quarter nicely. discretionary stocks are up nicely. energy stocks. tech stocks. whole swaths are up not necessarily any particular sector winning or losing. what about the rest of the world? the theory the rest of the world is going to collapse? that hasn't happened. germany has out performed the s&p. germany is up 13% this quarter. we're up 2.9%. brazil is up 10%. spain is up 9%. whole swaths of the global stock markets are doing better than the united states. like i said, it's about the central bank intervention. end game may be different. not getting into the morality of this. i'm just pointing out what the numbers are saying. two theories have been wrong so far. let me make a quick comment about what's going on in spain. we'll get the results of this so-called bank audit done about 14 banks to try to figure out how much they need to recapitalize. we all know the numbers are going to be wrong. the numbers $40 billion, 60 billion euro. ludicrous number. they're going to create bad banks where they'll sequester most of the toxic assets. does this make a
CNBC
Oct 1, 2012 6:00am EDT
so we can all produce energy more safely. i want you to know, there's another commitment bp takes just as seriously: our commitment to america. bp supports nearly two-hundred-fifty thousand jobs in communities across the country. we hired three thousand people just last year. bp invests more in america than in any other country. in fact, over the last five years, no other energy company has invested more in the us than bp. we're working to fuel america for generations to come. today, our commitment to the gulf, and to america, has never been stronger. >>> our guest host craig barrett, former chairman and ceo of intel. it's really good to have you. this is like twice in the last three weeks you've been on, isn't it? >> it's a pleasure to be with you guys. >> we'll talk tech, first of all, do you feel total, do you feel like a generation wire? are you totally insync with everything in technology now or do you harbor any resentment to all this new stuff, craig, having been at intel in the glory days? >> hey the beauty of tech is everything changes every year or every six months and t
CNBC
Sep 26, 2012 9:00am EDT
picture is the department of energy. their inventory, if you look at at the tall stocks for the five-year seasonal average, is sitting right around 370 million barrels. that's their inventory. the five-year seasonal average is down about 325, so we're 10% over. remember last week we had a build of 8.5 million barrels. this week we're expecting a build of two million. if you see in about an hour when oil prices and the d.o.e. releases their stocks, you'll probably see oil take that next leg lower. >> let's switch gears and talk about gold as well as silver, for that matter. silver has been handily outpacing gold this year, so i'm wondering if traders are seeing the silver trade having more upside. granted, it's a less liquid market. but maybe going into the final quarter of the year, that's the bet that's in place. >> the silver trade has rallied about 20% in the last two months. it is technically an industrial metal. it has gotten a boost because of the qe hype. traders are thinking that that's the cheap metal to get into, but with prices up at 33.5, i think that they're a little bit
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